Welcome to the Centz crowdsale powered by OpenLedger and its suite of crowdfunding solutions.

OpenLedger & Ronny Boesing presents Centz, a first of its kind crowdfunding offer that we are bringing to you through our platform CCEDK. We are revolutionizing the investment world through the crowdfunding method of the future. Centz is the first of many offerings that we have identified as being revolutionary and disruptive.

OpenLedger is helping not only the startup to reach its goals, but at the same time making sure all sponsors and investors are given the real-time updates allowing an ever growing belief in the project. This happens throughout the life of the project. OpenLedger is the lead investor, making sure that protocol and payments are done in strict according with published milestones.

WHAT IS OpenLedgerOpenLedger started out as a decentralized exchange. It has now become a decentralized conglomerate and has developed many businesses supported by recently revamped cryptocurrency exchange CCEDK. OpenLedger is a startup crowdfunding service provider, information exchange and ISO access point open to the public so anyone can participate in “deals of the future”. For the first time crypto investors of the world have the ability to get in front of the all the “professional”, “smart” money and reap the rewards that are usually reserved for a privileged few.

CENTZ AND THE BLOCKCHAINCentz will put every registered gift card identity and gift card balance on the universal gift card registery, which will be on the blockchain, providing total security and safety.

First universal gift card register placed on the blockchain

First time gift card identities are on the blockchain

First time gift card fraud is eliminated

WHAT CENTZ DOESCentz is a revolutionary fintech company that is going to first disrupt the worldwide $1 trillion USD dollar gift card market, and then change it in ways that have never been imagined.

WHY SHOULD INVESTOR CONSIDER CENTZ COINS AS AN INVESTMENTCentz coins represent an opportunity for any individual to participate in a ground floor opportunity of a next generation of financial technology company.

Participating in the Centz ISO allows you to invest in early rounds of funding, which up until now, has been the exclusive territory of the super rich

Participating in the Centz ISO provides you with the largest outsized risk-adjusted returns compared to any investment

Participating in the Centz ISO gives you access to institutional-quality equity offering online and in real time, truly the wave of the future

INTELLECTUAL PROPERTYCentz has filed two patents that are groundbreaking and revolutionary that protect our business model and creates unique blockchain encryption security to prevent gift card fraud and money laundering. Centz is poised to file three additional patents that will secure additional IP that surrounds and extends our core technology.

ISO TIER PRICING AND BONUS SCHEDULE TO BE ANNOUNCED

CENTZ TARGETS LARGEST EMERGING DEMOGRAPHIC MARKETBy 2020, millennials will represent over 75 percent of total income growth globally. In addition, millennials will be approximately 30 percent of the population in the US, Europe, and China. And they will have 40 percent of income, making them a critical segment to capture for retail brands.

Centz solutions capture the largest segment of this dynamic market with our mobile wallet

Centz delivers relentless customer service second to none

Centz utilized both implicit and explicit data to tailor the entire web and mobile user experience

Centz is building a energized customer base that will engage in recurring transactions

Centz provides outsourced fraud management so retailers can focus on growing their business

WHAT IS A CENTZ COIN & WHAT ARE IT’S SPECIAL RIGHTSCentz coins are an asset backed by the class A common shares of CENTZ common stock and will have a yearly dividend payment.

DISBURSEMENT OF PARTICIPATING REVENUEAll revenue payments will be made by OpenLedger thru their platform CCEDK and will be to registered owners of CENTZ tokens on the anniversary date of the closing of the ISO.

MINIMUM THRESHOLD: $2 MILLION USD Should the crowdfunding campaign fail to reach its minimum capital goal of $2 million USD, then all funds will be returned.

DISPERSEMENT OF FUNDS - ESCROWAll funds will be dispersed according to the milestone timeline and be administered by OpenLedger using a multi signature wallet administered by three people. Ronny Boesing, CEO OpenLedger, Ronald Kramer, Chairman Bitshares Foundation and one more minimum coming up to be disclosed prior to start of crowdsale

ISO FUNDS REFUNDIf the minimum amount of $2 million USD is not raised, then all funds will be returned.

FOUNDERS LIQUIDITYThe founders of CENTZ will hold no tokens and thus have no ability to profit from the ISO in any way. The founders are committed to building the next mega sized business, such as Facebook, Uber & Airbnb.

BOUNTIESA % of the ISO is reserved for or early-stage marketing and bounty campaigns which will be distributed to everyone who contributes to the CENTZ ISO before and during the ISO . We offer bounties for: translations and forum moderation,Bitcointalk signatures: information coming soon

CENTZ COIN TOKEN ADDITIONAL CONVERSION RIGHTSAn additional conversion right of the Centz coin is the ability to convert into Centz Gold Bucks, which can be used to buy gift cards listed on the Centz platform. The conversion of Centz coin into Centz Gold Bucks will be at a ratio of 2 (two) Centz coin for 1 (one) Centz Gold Buck.

TRADABILITY OF THE CENTZ COINAll Centz coins will be tradeable the first day after the ISO concludes. The 16 million Centz coins will convert into 16,000,000 shares of Centz Class A common stock.

It is exactly correct what btswolf said.Furthermore 10% of the crowdfunding revenue is used to buy OBITS.WARRANT which will then be distributed to all investors on a first come first served basis, since only 4 million OBITS made available for this action, and both apptrade, centz and getgame investors all three projects have this special added value included.

It means that:

a) apart from equity in Centz, b) dividends in the form of token drop from revenues of Centz operationsc) exit option at tier 1 rate being able to trade, when tier 2 level has been reached, d) exit option from 2 CNTZ tokens to 1 GoldBuck to be used to buy giftcards,

you have additionally an option to buy a part of OpenLedger with the buying of OBITS at the price of 0,16 USD anytime in 2017 no matter the price at the time of execution. If you bought 1000 Centz you would receive as well 100 OBITS.WARRANT valid to be used in 2017 only.

I have put an amount of 500 000 OBITS.WARRANT up for sale at 0,10 as well, so that deseription is available on cryptofresh.com (this is for the ones not interested in buy into either of the above mentioned three projects.

Very roughly: 1000 usd = 1 BTC = 1000 centz tokens. And 1 centz token gives you 1 A share of the centz company --> Since there are 100 million A shares in total the centz company would be valued at 100 million USD - pre-product and without any users.

b) dividends in the form of token drop from revenues of Centz operations

The pdf btswolf quoted states that the dividend is 10% of the revenue of the centz business until the equity is dropped onto centz token holders when the threshold is reached, yet all centz token holders hold 16% of the whole centz business....

Very roughly: 1000 usd = 1 BTC = 1000 centz tokens. And 1 centz token gives you 1 A share of the centz company --> Since there are 100 million A shares in total the centz company would be valued at 100 million USD - pre-product and without any users.

b) dividends in the form of token drop from revenues of Centz operations

The pdf btswolf quoted states that the dividend is 10% of the revenue of the centz business until the equity is dropped onto centz token holders when the threshold is reached, yet all centz token holders hold 16% of the whole centz business....

It wouldn't be a Crypto ICO if it didn't value itself at some obscene 8-9 figure valuation...

Most of the ICO's done on the bitshares platform have done this as well, leading to the constant downward pressure on nearly every UIA. Basically anyone who bought into any UIA has lost money in both BTS terms and Dollar terms. This is a huge reason, among several others, that the BTS token gets sold off hard on every single pump to lower highs.

Very roughly: 1000 usd = 1 BTC = 1000 centz tokens. And 1 centz token gives you 1 A share of the centz company --> Since there are 100 million A shares in total the centz company would be valued at 100 million USD - pre-product and without any users.

b) dividends in the form of token drop from revenues of Centz operations

The pdf btswolf quoted states that the dividend is 10% of the revenue of the centz business until the equity is dropped onto centz token holders when the threshold is reached, yet all centz token holders hold 16% of the whole centz business....

It wouldn't be a Crypto ICO if it didn't value itself at some obscene 8-9 figure valuation...

Most of the ICO's done on the bitshares platform have done this as well, leading to the constant downward pressure on nearly every UIA. Basically anyone who bought into any UIA has lost money in both BTS terms and Dollar terms. This is a huge reason, among several others, that the BTS token gets sold off hard on every single pump to lower highs.

Why would that effect the BTS token?btw, it's always hard to call a valley, but I think it's time to take of your BTS depression glasses;)

Very roughly: 1000 usd = 1 BTC = 1000 centz tokens. And 1 centz token gives you 1 A share of the centz company --> Since there are 100 million A shares in total the centz company would be valued at 100 million USD - pre-product and without any users.

b) dividends in the form of token drop from revenues of Centz operations

The pdf btswolf quoted states that the dividend is 10% of the revenue of the centz business until the equity is dropped onto centz token holders when the threshold is reached, yet all centz token holders hold 16% of the whole centz business....

It wouldn't be a Crypto ICO if it didn't value itself at some obscene 8-9 figure valuation...

Most of the ICO's done on the bitshares platform have done this as well, leading to the constant downward pressure on nearly every UIA. Basically anyone who bought into any UIA has lost money in both BTS terms and Dollar terms. This is a huge reason, among several others, that the BTS token gets sold off hard on every single pump to lower highs.

Why would that effect the BTS token?btw, it's always hard to call a valley, but I think it's time to take of your BTS depression glasses;)

And put on the rose colored ones that have caused so many here to lose tons of cash? Maybe when this dog stops getting sold on every pump I'll think about it. Maybe when almost every single UIA doesn't look like a downward ski slope.

Reason why it pushes the BTS price down. UIA's are distributed to all these people... many of who just want to sell on the first pump. Because of this, the pump is small but they still want out. The try to dump the tokens for bts, then try to dump the BTS of btc. Because there is a lack of new blood in BTS, and because most of the supporters here have nothing left to invest, there is no buy liquidity. It can be seen in nearly every order book.

Very roughly: 1000 usd = 1 BTC = 1000 centz tokens. And 1 centz token gives you 1 A share of the centz company --> Since there are 100 million A shares in total the centz company would be valued at 100 million USD - pre-product and without any users.

b) dividends in the form of token drop from revenues of Centz operations

The pdf btswolf quoted states that the dividend is 10% of the revenue of the centz business until the equity is dropped onto centz token holders when the threshold is reached, yet all centz token holders hold 16% of the whole centz business....

It wouldn't be a Crypto ICO if it didn't value itself at some obscene 8-9 figure valuation...

Most of the ICO's done on the bitshares platform have done this as well, leading to the constant downward pressure on nearly every UIA. Basically anyone who bought into any UIA has lost money in both BTS terms and Dollar terms. This is a huge reason, among several others, that the BTS token gets sold off hard on every single pump to lower highs.

Why would that effect the BTS token?btw, it's always hard to call a valley, but I think it's time to take of your BTS depression glasses;)

And put on the rose colored ones that have caused so many here to lose tons of cash? Maybe when this dog stops getting sold on every pump I'll think about it. Maybe when almost every single UIA doesn't look like a downward ski slope.

Reason why it pushes the BTS price down. UIA's are distributed to all these people... many of who just want to sell on the first pump. Because of this, the pump is small but they still want out. The try to dump the tokens for bts, then try to dump the BTS of btc. Because there is a lack of new blood in BTS, and because most of the supporters here have nothing left to invest, there is no buy liquidity. It can be seen in nearly every order book.

Sorry, but your explanation lacks an independent first reason that is not the same reason BTS would go down without the UIA tokens as well.

Very roughly: 1000 usd = 1 BTC = 1000 centz tokens. And 1 centz token gives you 1 A share of the centz company --> Since there are 100 million A shares in total the centz company would be valued at 100 million USD - pre-product and without any users.

b) dividends in the form of token drop from revenues of Centz operations

The pdf btswolf quoted states that the dividend is 10% of the revenue of the centz business until the equity is dropped onto centz token holders when the threshold is reached, yet all centz token holders hold 16% of the whole centz business....

It wouldn't be a Crypto ICO if it didn't value itself at some obscene 8-9 figure valuation...

Most of the ICO's done on the bitshares platform have done this as well, leading to the constant downward pressure on nearly every UIA. Basically anyone who bought into any UIA has lost money in both BTS terms and Dollar terms. This is a huge reason, among several others, that the BTS token gets sold off hard on every single pump to lower highs.

Why would that effect the BTS token?btw, it's always hard to call a valley, but I think it's time to take of your BTS depression glasses;)

And put on the rose colored ones that have caused so many here to lose tons of cash? Maybe when this dog stops getting sold on every pump I'll think about it. Maybe when almost every single UIA doesn't look like a downward ski slope.

Reason why it pushes the BTS price down. UIA's are distributed to all these people... many of who just want to sell on the first pump. Because of this, the pump is small but they still want out. The try to dump the tokens for bts, then try to dump the BTS of btc. Because there is a lack of new blood in BTS, and because most of the supporters here have nothing left to invest, there is no buy liquidity. It can be seen in nearly every order book.

Sorry, but your explanation lacks an independent first reason that is not the same reason BTS would go down without the UIA tokens as well.

Lets try this again...

1. A third party creates a UIA in the BTS Ecosystem.... Lets call it SCAM.UIA2. Third party promotes SCAM.UIA, saying it the key to decentralized, deregulated, liberty for all, fortunes3. In order to get in on this wonderful investment, you need to send DOLLLARS or BITCOIN to this third party4. The third party then sends you a whole bunch of shiny new SCAM.UIA tokens

So lets review what has happened so far. The scammer has created a token out of thin air and sold it to you for real currency or bitcoin. You are hoping that he will take that money and create something wonderfully profitable and then distribute the money back to you via buy back or dividends.

Unfortunately....

5. Once the SCAM.UIA tokens are distributed, all the investors are locked into the BTS ecosystem.6. All these investors have lots of initial "paper" wealth. But SCAM.UIA's trading book is extremely thin.7. Some of the original SCAM.UIA buyers wanted to sell on the first pop, but the books are too thin8. The books are too thin because there is not enough BTS holders, who were not involved in SCAM.UIA's ICO, willing to buy SCAM.UIA on the open market9. Original investors start selling SCAM.UIA because there was no initial pop and barely any buy orders on the books.10. All of a sudden the trading book for SCAM.UIA is loaded with sells with hardly any buy orders.11. This leads to steady sell pressure on SCAM.UIA. Many of these investors who are selling SCAM.UIA have no interest of being in the BTS ecosystem, holding BTS, or using the DEX.12. What are these uninterested investors who just received BTS for their SCAM.UIA going to do??? That's right! SELL THEIR NEWLY ACQUIRED BTS!13. What do they sell it for??? bitcoin, ethereum, or fiat.14. What does selling BTS for fiat do to the price of BTS?? Causes it to decline.

These 14 steps have happened with the majority of the UIA's issued on the BTS platform. Unless a UIA creator starts making a profit and buys back bts on the open market with his fiat profit, he has in essence taken energy out of the system. The UIA creators, especially the big ones that raise a ton of money, put an incredible amount of stress on the tiny amount of traders who use the DEX. If the UIA is going to stay profitable the DEX traders need to provide buy support. Problem is there is not enough traders with excess capital to provide this support.

If we could encourage trading in BTC or Open.BTC and leave BTS for fees, platform operations (issue account/ assets etc) and smart coin trading and issuance / collateral do you think the net result would be positive for the price of BTS.

Any ideas how we could accomplish something like this?

One of the great benefits of Bitshares is being able to start a project and allow trading instantly without any troubles of getting listed on a EX etc. Seems if we had less liquidity on the DEX for BTS this would actually be a good thing.

Do you think Projects like Bitgate and Bitkapital could help in this regard by means of their gateway service, converting users fiat into Bitcoin on the platform; providing higher amounts of wealth stored in BTC and increasing the number of new investors.

9. Original investors start selling SCAM.UIA because there was no initial pop and barely any buy orders on the books.10. All of a sudden the trading book for SCAM.UIA is loaded with sells with hardly any buy orders.11. This leads to steady sell pressure on SCAM.UIA. Many of these investors who are selling SCAM.UIA have no interest of being in the BTS ecosystem, holding BTS, or using the DEX.12. What are these uninterested investors who just received BTS for their SCAM.UIA going to do??? That's right! SELL THEIR NEWLY ACQUIRED BTS!13. What do they sell it for??? bitcoin, ethereum, or fiat.14. What does selling BTS for fiat do to the price of BTS?? Causes it to decline.

[member=23744]lil_jay890[/member] Thanks for the write up, having read it I think you have a point. I was critical because it seemed as if the ability in Bitshares to issue ICO tokens would always be negative for the BTS price. There is another side to it too though: If the UIA would be undervalued after the IPO, all after-IPO investors would need to buy BTS in order to buy the UIA which would be good for the BTS price.

Also there is the effect of a generally bearish or bullish BTS market. A bearish BTS market would make those that sold their ICO token for BTS, sell their BTS for Bitcoin like you said. If it's bullish though, holding BTS would be encouraged.

Overall I we can conclude: (-) Creating downward pressure on BTS price: Overpriced ICO, General bearish BTS market. (+) Creating upward pressure on BTS price: Underpriced ICO, General bullish BTS market. (+ -) If there is one negative and one positive factor they cancel each other out.

If we could encourage trading in BTC or Open.BTC and leave BTS for fees, platform operations (issue account/ assets etc) and smart coin trading and issuance / collateral do you think the net result would be positive for the price of BTS.

I think that wouldn't help too much - as long as BTS (as opposed to open.btc) has the highest liquidity on external exchanges vs BTC - since the ICO investor who wants to get back to BTC or fiat will sell BTS on external exchanges.

What would help is if ICOs would not have these ridiculous valuations which bring them close to being a scam. The only solution I see is to have ICOs that don't set valuations of their token market cap, but have a price discovery, there are two options I know of: 1) Either dividing all ICO tokens among all investors 2) Or the AGS model where 1/200th of the tokens sold are distributed among all investors who sent money on day 1 of 200 days. The same on day 2 and 3 etc...

So, there may actually be a conflict of interests since Openledger wants to maximize the token market cap/valuation of their customer's (Centz) ICO while it would be good for the BTS price to have the opposite.

9. Original investors start selling SCAM.UIA because there was no initial pop and barely any buy orders on the books.10. All of a sudden the trading book for SCAM.UIA is loaded with sells with hardly any buy orders.11. This leads to steady sell pressure on SCAM.UIA. Many of these investors who are selling SCAM.UIA have no interest of being in the BTS ecosystem, holding BTS, or using the DEX.12. What are these uninterested investors who just received BTS for their SCAM.UIA going to do??? That's right! SELL THEIR NEWLY ACQUIRED BTS!13. What do they sell it for??? bitcoin, ethereum, or fiat.14. What does selling BTS for fiat do to the price of BTS?? Causes it to decline.

[member=23744]lil_jay890[/member] Thanks for the write up, having read it I think you have a point. I was critical because it seemed as if the ability in Bitshares to issue ICO tokens would always be negative for the BTS price. There is another side to it too though: If the UIA would be undervalued after the IPO, all after-IPO investors would need to buy BTS in order to buy the UIA which would be good for the BTS price.

Also there is the effect of a generally bearish or bullish BTS market. A bearish BTS market would make those that sold their ICO token for BTS, sell their BTS for Bitcoin like you said. If it's bullish though, holding BTS would be encouraged.

Overall I we can conclude: (-) Creating downward pressure on BTS price: Overpriced ICO, General bearish BTS market. (+) Creating upward pressure on BTS price: Underpriced ICO, General bullish BTS market. (+ -) If there is one negative and one positive factor they cancel each other out.

If we could encourage trading in BTC or Open.BTC and leave BTS for fees, platform operations (issue account/ assets etc) and smart coin trading and issuance / collateral do you think the net result would be positive for the price of BTS.

I think that wouldn't help too much - as long as BTS (as opposed to open.btc) has the highest liquidity on external exchanges vs BTC - since the ICO investor who wants to get back to BTC or fiat will sell BTS on external exchanges.

What would help is if ICOs would not have these ridiculous valuations which bring them close to being a scam. The only solution I see is to have ICOs that don't set valuations of their token market cap, but have a price discovery, there are two options I know of: 1) Either dividing all ICO tokens among all investors 2) Or the AGS model where 1/200th of the tokens sold are distributed among all investors who sent money on day 1 of 200 days. The same on day 2 and 3 etc...

So, there may actually be a conflict of interests since Openledger wants to maximize the token market cap/valuation of their customer's (Centz) ICO while it would be good for the BTS price to have the opposite.

So here's the rub... Have you ever seen an ICO undervalue itself? I haven't. Like you say most valuations are completely insane.

I agree that if BTS was in a bull market and UIA's were being issued undervalued, we would see general price appreciation in BTS. Problem is 99% of ICO's are overvalued. Until something is done to limit the UIA's creator ability to suck liquidity and value out of the system, the bearish circle will stay in place. Hence every BTS price rise being sold.